|
BenefitsLink Health & Welfare Plans Newsletter
|
|
|
|
Employee Benefits Jobs
|
Webcasts and Conferences
"457(b) Plans for 401(k) Practitioners" - A 3-part Web Seminar
Nationwide
on November 1, 2011
presented by SunGard Relius
"Don't Be Caught Short: Short Plan Years" Web Seminar
Nationwide
on September 27, 2011
presented by SunGard Relius
"Electronic Participant Fee Disclosure" Web Seminar
Nationwide
on October 12, 2011
presented by SunGard Relius
"ERISA Workshop 2011" - Appleton
in Wisconsin
on October 19, 2011
presented by SunGard Relius
"ERISA Workshop 2011" - Charlotte
in North Carolina
on October 19, 2011
presented by SunGard Relius
"ERISA Workshop 2011" - Cleveland
in Ohio
on October 20, 2011
presented by SunGard Relius
"ERISA Workshop 2011" - Detroit
in Michigan
on October 21, 2011
presented by SunGard Relius
"ERISA Workshop 2011" - Nashville
in Tennessee
on October 20, 2011
presented by SunGard Relius
"Premature Distribution Penalties" Web Seminar
Nationwide
on October 7, 2011
presented by SunGard Relius
Newly Updated CLE Program: Fee Disclosure: What You Need to Know and What You Need to Do Now
in New York
on September 22, 2011
presented by WEB (Worldwide Employee Benefits Network ), New York Chapter
|
We also
publish the BenefitsLink
Retirement Plans Newsletter (free):
Subscribe
|
|
[Guidance Overview]
New Preventive Care Requirements for Women
"These rules do not apply to flexible spending accounts or separate dental/vision plans. Health Reimbursement Arrangements are subject to these requirements, unless structured to provide only limited-scope benefits (e.g. dental/vision coverage)."
(Warner Norcross & Judd LLP)
|
|
[Guidance Overview]
States Address Tax Consequences of Health Coverage for Adult Children (PDF)
"PPACA amended the Internal Revenue Code to exclude from an employee's income for federal tax purposes the value of health coverage provided to an adult child through the end of the year in which the adult child turns age 26. Many state income tax laws did not provide automatic conformity with this tax treatment. All states have now addressed this issue. There are special considerations for Hawaii, Kentucky, and Wisconsin."
(Buck Consultants, LLC)
|
[Guidance Overview]
Guidance on New Disclosure Requirement for Group Health Plans and Insurers: the 'SBC'
"Plan sponsors should take the following steps to prepare for complying with the SBC requirement: 1.) Determine how many benefit options will be offered under the group health plan(s) for the 2012 Plan Year and establish how many SBCs will be required 2.) Determine what method will be used for distributing the SBC(s), (paper or electronic?) 3.) Negotiate with third-party service providers to determine who will be preparing the SBCs, who will provide notice modifications when necessary, and whether the preparation of the SBCs will impact the fee arrangement. 4.) Decide whether the plans will provide SBCs in time for 2012 annual enrollment, even though that is not required, or wait to distribute them by March 23."
(Davis Wright Tremaine LLP)
|
[Guidance Overview]
Michigan Creates Health Insurance Paid Claims Assessment Act
"Michigan has become the newest state to institute an assessment on paid health care claims. Michigan Senate Bill No. 348, effective August 24, 2011, creates the 'Health Insurance Claims Assessment Act' and initiates a 1% assessment on paid health claims."
(Faegre & Benson LLP)
|
|
|
|
|
|
|
Pharmacy Benefit Managers Can Help Midsize Firms Cut Costs
"With pharmacy data that PBMs offer, 'you can identify the cost drivers and identify the actions to take,' said Aon Hewitt's Ms. Zeitel. For example, she said, the data show whether utilization, price or the drug mix is escalating costs. Share that data with your insurer, and look for PBM or health plan clinical programs to help lower costs, Ms. Zeitel said."
(Business Insurance)
|
Military Retiree Benefits Could Face Cuts
"[T]he intense push in Congress this year to reduce the debt and the possibility that the Pentagon might have to begin trimming core programs like weapons procurement, research, training and construction have suddenly made retiree benefits vulnerable, military officials and experts say."
(The New York Times; free registration required)
|
|
|
[Opinion]
The Role of Prices in Health Care Spending
"To hard-nosed economists, health care represents just another exchange of favors embedded in a wider market economy that consists of exchanging favors. [A chart] illustrates this exchange."
(The New York Times; free registration required)
|
|
Benefits in General; Executive Compensation
|
|
|
|
|
Should Congress Cut Its Pay or Benefits?
"In April, [an] Ohio Democrat introduced the Shared Retirement Sacrifice Act of 2011, which would require lawmakers to wait until the age of 66 to collect their pensions. Currently, lawmakers can retire as early as 50 with a full pension depending on how long they served."
(Cable News Network)
|
General Motors May Offer Bonuses and Reopen Plant
"In what is being viewed as a landmark deal, the union also preserved health care and pensions and improved profit-sharing for its roughly 48,000 members who work at G.M."
(The New York Times; free registration required)
|
|
Press Releases
|
|
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park, Florida 32789
Phone (407) 644-4146
Fax (407) 644-2151
Jeanette Hull, News Editor
David Rhett Baker, J.D., Editor and Publisher
Lois Baker, J.D., President
Holly Horton, Business Manager
Copyright © 2011 BenefitsLink.com, Inc. All rights reserved.
All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of that content. You may not alter or remove any trademark, copyright or other notice from copies of the content.
Links to Web sites other than those owned by BenefitsLink.com, Inc. are offered as a service to readers. The editorial staff of BenefitsLink.com, Inc. was not involved in their production and is not responsible for their content.
More useful links:
|
|